About 90% of bank retail loans are still rising, and the pressure on bad debts for credit cards and consumer loans is particularly prominent

1. About 90% of bank retail loans are still rising

After several consecutive years of upward trend, in 2024, about 90% of the bank's retail loan non-performing rate continues to rise, onlyIndustry Bank, Zhejiang Commercial Bank, Nanjing Bank, Zhengzhou Bankwhere, Guizhou BankThe retail loan bad debt rate is the highest, exceeding 5%, an increase of 2.5 percentage points from 2023;The retail loan non-performing rate of Harbin Bank, Bohai Bank, and Gansu Bank also exceeded 4%. Among listed banks, there are only seven companies with a retail loan non-performing rate of less than 1%, namely Hangzhou Bank, Chengdu Bank, Jiangsu Bank, Changshu Bank, China Merchants Bank, Bank of China and Construction Bank.

Overall, since personal housing mortgage loans account for a high proportion of total retail loans, and the current non-performing rate of mortgage assets is generally lower than 1%, the average retail loan non-performing rate of six large state-owned banks remains at a low level. In terms of joint-stock banks, the retail loan non-performing rate of only Bohai Bank and Hengfeng BankBohai Bank and Hengfeng Bank is higher than 2%.

2. Credit card bad debt rate: The bad debt rate is the highest among all types of retail loans

Among all types of retail loans, the overall non-performing rate of credit cards is at the highest level, and the non-performing rate of credit cards of most banks exceeds 1%. Among them, Changshu Bank has the highest credit card non-performing rate, exceeding 4%; in addition, the credit card non-performing rate of Industrial Bank, Industrial and Commercial Bank of China, Minsheng Bank and Chongqing Bank also exceed 3%. It is worth noting that among the above banks, only Industrial Bank's credit card non-performing rate is showing a downward trend, while the credit card non-performing rate of other banks is still continuing to rise.

3. Personal mortgage loan bad rate

Although the non-performing rate of personal housing mortgage loans of most listed banks has increased, the overall rate remains at a low level, and the non-performing rate of most banks is still below 1%. Among them, Shengjing Bank's mortgage loan non-performing rate has the highest mortgage loan rate, reaching 3.66%; while the mortgage loan non-performing rate of six large state-owned banks is all controlled within 1%.

4. Personal consumption loan bad rate

Small and medium-sized banks face greater bad debt pressure in personal consumption loans. Among them, Bohai Bank's personal consumption loan non-performing rate has the highest non-performing rate, reaching 12.37%; Zhongyuan Bank's non-performing rate also exceeds 3%. In contrast, the consumer loan non-performing rates of Chengdu Bank, Zhengzhou Bank and Minsheng Bank are controlled below 1%.